What options might the intended website owner have

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Reference no: EM131450645

Question: The term cybersquatting refers to the practice of registering a large number of website domain names hoping to sell them at huge prices to others who may want the URL or who are prepared to pay to get rid of a potentially confusing domain name. For instance, People for the Ethical Treatment of Animals, which operates www.peta.org , was able to shut down www.peta.com , a pro-hunting website that dubbed itself "People Eating Tasty Animals." Cybersquatters often determine possible misspellings or slightly incorrect websites with the hopes that the intended website will pay them for their new domain.

Others might simply hold onto a potentially extremely popular site name based on the expectation that someone will want it. For example, someone paid over $7 million for the address www. business.com . In one case, one day after a partnership was announced that would result in an online bookstore for the Toronto Globe & Mail newspaper, with the domain name www.chaptersglobe.com , Richard Morochove, a technology writer, registered the domain chapters-globe.com . When the partnership demanded that he stop using the name, he promptly agreed, as long as he received a percentage of the sales from the Chapters/Globe website. The case went to trial. In situations such as these, do you believe the cybersquatter is doing anything wrong? What options might the "intended website" owner have?

Reference no: EM131450645

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